Amount$8M
Post-money valuation$120M
SeriesSeries B
AnnouncedNov 12, 2013
SectorEnterprise, Cyber Security, Cloud
Strong
A strong, well-structured round.
Round size vs peers
Smaller than the typical Series B round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution8th pct
smaller Series B roundslarger
Post-money valuation12th pct
$35Mthis round: $120M$2.6B
vs. Enterprise, Cyber Security, Cloud (13)
Round size in sector31th pct
$4Mthis round: $8M$250M
